TOKYO, Feb 25 ― Tokyo stocks opened higher today, tracking rallies on Wall Street, which was boosted by news that several million doses of a new coronavirus vaccine could be on the way.

The benchmark Nikkei 225 index was up 1.28 per cent or 381.25 points at 30,052.95 in early trade, while the broader Topix index gained 1.13 per cent or 21.53 points to 1,924.60.

Documents released by the US Food and Drug Administration yesterday showed the single-shot Johnson & Johnson vaccine is highly effective in preventing severe Covid-19, including newer variants.

“Japanese shares are seen rallying supported by gains in the US market,” after Wall Street shares bounced back as investors were cheered by the news, said Toshiyuki Kanayama, senior analyst at Monex.

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The dollar fetched ¥105.98 (RM4.03) in early Asian trade, against ¥105.85 in New York late yesterday.

In Tokyo, Takeda Pharmaceutical was up 0.36 per cent at ¥3,618 after it said it had started a clinical trial in Japan of the Novavax Covid-19 vaccine.

Takeda also said it expects results from an ongoing Moderna trial in the first half of this year.

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Suzuki was down 3.80 per cent at ¥4,780 after it said its charismatic chairman Osamu Suzuki will retire after more than four decades at the helm of the Japanese carmaker.

On Wall Street, the Dow finished up 1.4 per cent to close at 31,961.86, a new all-time high. ― AFP